Turnover
The micro format states no turnover.
The micro format states no turnover.
Green is investment, beige is depreciation.
Higher net result than 95% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 83% of them on solvency, 97% on liquidity and 99% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as BINDSOL has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BINDSOL itself is lower: < 0.1% within 12 months. It rests on far more data about BINDSOL than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for BINDSOL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.81 (0.96 in 2023), above the usual 1.5. Short-term debt is 23.2% and cash 53.4% of total assets. 25.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 27 days after the deadline. In the sector (NACE 46), the median for financial year 2023 was 2 days before the deadline, and 40% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BINDSOL Woluwe-Saint-Lambert | €4.8m | €4.9m | 74.1% | - |
| Balenciaga Belgium Machelen (Brab.) | €5.0m | €3.4m | -11.6% | 7 |
| ERA Wonen Sint-Niklaas | €5.5m | €2.0m | 36.3% | 25.4 |
| MANTICO Sint-Pieters-Leeuw | €3.3m | €1.1m | 36.6% | 2.5 |
| PRO SALES CARE Wevelgem | €1.9m | €2.2m | 77.1% | 2 |
| sellUp Erpe-Mere | €1.8m | €2.8m | 0.0% | 64.4 |
| AUCTIONPORT Antwerp | €7.4m | €1.7m | 49.9% | - |
These companies have the same main activity as BINDSOL: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €1.8m and €7.4m, founded between 2018 and 2024.
BINDSOL has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €3.5m.
Its solvency ranks better than 78% of 13,800 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €21.0m. Estimated: probably between €13.0m and €35.0m.
Higher than 78% of 13,800 companies in 2025.
Higher than 76% of 13,181 companies in 2025.
Higher than 95% of 13,360 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and nobody left.
| Line | Trend | 2025 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
4.8m | 91,501 | |
21/28 |
568,608 | 28,599 | |
22/27 |
561,888 | 28,599 | |
23 |
267,952 | - | |
24 |
94,671 | 28,599 | |
25 |
183,333 | - | |
26 |
15,932 | - | |
28 |
6,720 | - | |
29/58 |
4.3m | 62,902 | |
29 |
760,000 | - | |
290 |
760,000 | - | |
40/41 |
913,641 | 37,621 | |
40 |
874,746 | 35,558 | |
41 |
38,895 | 2,063 | |
54/58 |
2.6m | 25,281 | |
490/1 |
3,721 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
4.8m | 91,501 | |
10/15 |
3.6m | 25,978 | |
10/11 |
2,000 | 2,000 | |
13 |
999,997 | - | |
132 |
999,997 | - | |
14 |
2.6m | 23,978 | |
17/49 |
1.2m | 65,523 | |
17 |
130,821 | - | |
170/4 |
130,821 | - | |
42/48 |
1.1m | 65,523 | |
42 |
31,588 | - | |
44 |
155,819 | 54,531 | |
440/4 |
155,819 | 54,531 | |
45 |
929,307 | 10,515 | |
450/3 |
925,691 | 10,515 | |
454/9 |
3,616 | - | |
47/48 |
629 | 477 | |
| Income statement | |||
9900 |
4.9m | 33,361 | |
62 |
54,580 | - | |
630 |
184,230 | 621 | |
640/8 |
6,355 | - | |
9901 |
4.7m | 32,740 | |
75/76B |
11,875 | - | |
75 |
11,875 | - | |
65/66B |
18,268 | 497 | |
65 |
18,268 | 497 | |
9903 |
4.7m | 32,243 | |
67/77 |
1.1m | 8,265 | |
9904 |
3.5m | 23,978 | |
689 |
999,997 | - | |
9905 |
2.5m | 23,978 | |
| Appropriation of the result | |||
9906 |
2.6m | 23,978 | |
14P |
23,978 | - | |
| Social balance sheet | |||
9087 |
1.3 | - | |
Hours worked1013 |
2,215 | - | |
| Document | |||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-05-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00122316.
| Line | Trend | 2025 | 2023 |
|---|---|---|---|
| 4.9m | 33,361 | ||
| 3.7m | 24,599 | ||
| 722,745 | 29,219 | ||
| 3.1m | -2,621 | ||
| 74.1% | 28.4% | ||
| 3.81 | 0.96 | ||
| 0.35 | 2.52 | ||
| 99.3% | 92.3% | ||
| 73.6% | 26.2% | ||
| over 100 | 67.11 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| 1.3 | |
| On a permanent contract | 2 |
| Joined | 2 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
| Item | 30-09-2025 | 2023 |
|---|---|---|
| Tangible fixed assets | €716,026 | €29,219 |
| Financial fixed assets | €6,720 | - |
| €184,230 | €621 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is €4.7m, against €32,740 in 2023. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total is 25.9%.
BINDSOL has no parent and no holdings in its annual accounts. KIZILCA Salih Deniz is the only director. BINDSOL shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 10 November 2022, BINDSOL was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 In 2024 the registered office moved to Woluwe-Saint-Lambert.3 KIZILCA Salih Deniz is director of the company, appointed by deed of 16-11-2022.2 Total assets went from €91,501 in 2023 to €4.8m in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Herbert Hooverlaan 4 registered office 1200 Woluwe-Saint-Lambert | 10-11-2022 | 2.338.580.027 |
| Karel Van Miertstraat 4 3070 Kortenberg | 01-09-2024 | 2.363.025.413 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24055A0217/00A000 | Flanders | 2.0 ha | 1 · 4,871 m² | 10.6 m |
| 21673D0154/00B026 | Brussels | 196 m² | 1 · 89 m² | 15.2 m · 4 |
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